Inland Revenue & Tax man threatning court -not BR yet

molly73

I know about the house being in the sole name of person not being bankrupt they can say there is a beneficial interest. I think should be ok (have received legal advice on this matter) We only lived at the property for about a year (currently rented out and husband wasnt paying enough money for all bills and the mortgage has always been paid by me.
Whats the deal with cars (cars both needed for our jobs) husbands car is on finance and need for his job which involves travelling so that should be ok. I think. But I have car in my name - I have a little boy who goes to nursery and it would be virtually impossible to go on public transport and then have to catch another bus to work. We live out in the country.
Also other assets computer and TV are they only interested if these are over a certain value? or do these need to dissapear??
We have done SOA - and have no available income. So I know we need to get advice - is it really worth it is my feeling as no available income. ?

Thanks for your comments

Conor_3

Ok, they only really take anything of value. When I banked, I lost nothing despite declaring a 29" Sony telly, a PC and a laptop. YMMV though.

As for the car, the finance company may reposses your husbands anyway depending if the finance is secured on it or not. If you can demonstrate you need a car for the reasons you've outlined, they'll let you keep it. I'd personally, to be safe, work on having to find a replacement car for your husband.

Experiment626

Remmer wrote: »

IR will BR you at the drop of a hat. They work hand in glove with the insolvency service. Sorry to be the bearer of bad news

I've heard this before but have found the complete opposite in my personal experience. I ignored my tax returns for about 4 years...not intentionally, was just going through a lot of personal problems and never got around to sorting it. Eventually when I did file the returns, and got the tax bill back I made it clear to IR there was no way I could pay...they never once tried to BR me, just wrote to me with threatening letters month after month for almost a year, at which point I did actually enter into a payment plan with them, they had plenty of time to proceed with a BR order against me.

molly73

Interesting.. I shall let you know what happens over the next couple of weeks...
Only prob is we would be happy to enter into a payment plan with them my husband actually proposed a figure of £150 they want at least £330.. Anyway turns out cant even afford the £150 anyway.
The guy said to me that I should consolidate my debts (which I am trying to manage got a couple of 0% deals) with my husbands and we should get a loan for the lot. I told him although you are taking MY income and expenditure into account these are his debts, I have my own I am trying to manage. Does that sound harsh?

Remmer

I believe it's illegal for a creditor to suggest taking on further debt to pay them. Not an expert on that point but someone will be able to confirm

wherediditallgo

molly73 wrote: »

The guy said to me that I should consolidate my debts (which I am trying to manage got a couple of 0% deals) with my husbands and we should get a loan for the lot. I told him although you are taking MY income and expenditure into account these are his debts, I have my own I am trying to manage. Does that sound harsh?

Stick to your guns. There's no point in replacing one debt with another, & you'd be in real trouble if your income dropped & you then couldn't manage the much bigger loan. Unless they are joint debts on the agreement, the OR wouldn't be looking for you to settle your husband's debts, so keep them as separate as you can for as long as you can.

Experiment626

I should have mentioned this before...remember that Inland Revenue will add 7.5% a year for outstanding amounts and they are not flexible on this, if you are making low payments it can make the debt snowball a lot higher than you may expect!

molly73

Experiment626 wrote: »

I've heard this before but have found the complete opposite in my personal experience. I ignored my tax returns for about 4 years...not intentionally, was just going through a lot of personal problems and never got around to sorting it. Eventually when I did file the returns, and got the tax bill back I made it clear to IR there was no way I could pay...they never once tried to BR me, just wrote to me with threatening letters month after month for almost a year, at which point I did actually enter into a payment plan with them, they had plenty of time to proceed with a BR order against me.

How much were you owing